president obama seems to know. the budget that he's proposing calls for a 3 million dollar cap on ira's and 401(k)'s, and you can't save anymore tax-free money after that. that may not affect many people now, but if you're a young person starting out now and making the maximum contributions of a 3 million dollar nest egg, it's possible over 40 years. and joining me now, congressman on the budget committee and congresswoman, it's a pleasure to have you here, thanks for joining me. >> oh, it's good to see you as well, governor. thank you so much. >> this idea of capping retirement, i mean, that seems like you're now encouraging people not to save for retirement and that the government has a better idea of how much we really ought to set aside than we do. >> shocking, isn't it? and i think that this is nothing more, governor, as you and i both know, this is another back door tax increase. and it's a shame because i can tell you, you know, hoosiers in the state of indiana, hard-working folks are sitting around the tabl